Paint & Coating Manufacturing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry make paints, varnishes, lacquers, enamels, and other coatings. Major companies include Axalta Coating Systems, Benjamin Moore, PPG, RPM International, and Sherwin-Williams (all based in the US), as well as Akzo Nobel (the Netherlands), Asian Paints (India), Kansai Paint (Japan), and the coatings operations of BASF (Germany).
Demand is driven by industrial production and construction spending. The profitability of individual companies depends on technological expertise and efficient production. Small companies can compete successfully with large ones because of the large number of paints and coatings used for a wide variety of applications, including decoration, water resistance, and corrosion resistance. The US industry is highly concentrated: the largest 50 companies account for about 80% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
The US industry revenue is composed of products and services such as house paints, product finishes, and special-purpose coatings. Other products include varnish removers and paint thinners.
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